Jackson Health Foods has 8,000 shares of $2 par common stock outstanding, which was issued at $15 per share. Jackson also has a balance of Retained Earnings of $86,000. How much is Jackson's total stockholders' equity?

Jackson Health Foods has 8,000 shares of $2 par common stock outstanding, which was issued at $15 per share. Jackson also has a balance of Retained Earnings of $86,000. How much is Jackson's total stockholders' equity?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Jackson Health Foods has 8,000 shares of $2 par common stock
outstanding, which was issued at $15 per share. Jackson also has
a balance of Retained Earnings of $86,000. How much is Jackson's
total stockholders' equity?

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